CEA Industries Becomes Largest Corporate Holder of BNB, Acquires $160 Million in Tokens

CEA Industries has made history by purchasing 200,000 Binance Coin (BNB) tokens for $160 million, solidifying its position as the largest publicly traded company holding BNB. This strategic move follows a successful private placement that raised $500 million and signals a significant shift in the company’s business strategy. CEA Industries, trading under the ticker BNC, has rebranded from its former nicotine vape business and is now dedicated to maximizing its holdings of BNB as part of its new corporate focus.